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[angelcerv25.livejournal.com]

Comments

[peristaltor.livejournal.com]

I gotta agree on the minimum wage thing. We need a natural minimum wage. Of course, to do so we have to find the maximum tax that the wealthy are willing to endure.

We first have to increase all the top earner wages we removed in the last 40 years, including the big loophole that allows people to convert earnings into capital gains income. Then, we have to mandate that these taxes on the wealthy will only increase yearly until the minimum natural wage paid increases to a living wage.

The situation will solve itself.

[oslo.livejournal.com]

I'm told by an expert on everything that if you increase the tax on capital gains, you'll just increase wealth concentration at the top, because the wealthy will have less reason to realize capital gains - and will, instead, just continue to accrue them. I guess?

[peristaltor.livejournal.com]

I actually laughed at that. I wonder how many people will invest in anything that must sit and do nothing lest it be taxed. Talk about an illiquid investment!

[oslo.livejournal.com]

I guess it's entirely conceivable that investment funds will, instead of investing, take jobs that pull salaries, should the income tax and capital gains tax be matched.

[rowsdowerisms.livejournal.com]

What exactly does Jeff think the wealthy do now?